🇩🇪 The German government missed out on $1.6 billion by selling its *💰 *bitcoin early
The German government missed out on up to $1.6 billion by selling its bitcoin four months ago, just before a big rally spurred on by Donald Trump’s victory in the United States presidential election. In July, the German government sold 50,000 bitcoin for $2.88 billion as part of the plan to offload bitcoin seized from the now-defunct film piracy website Movie2K. The average price of the sale was $57,600.

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@Bitcoin_Blockchain_Trading

💰 MicroStrategy shares rise 10% after $2 billion Bitcoin acquisition at $74.4k
MicroStrategy has announced a major Bitcoin acquisition, securing approximately 27,200 BTC for $2.03 billion between Oct. 31 and Nov. 10, according to a Nov. 11 statement. This purchase comes amid a broader crypto market rally that has seen Bitcoin price rally to a new all-time high of more than $82,000.

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@Bitcoin_Blockchain_Trading

💰 StanChart sees total crypto market cap climbing 5x to $10 trillion by 2026-end
Standard Chartered said the recent Republican win in the US elections could serve as a major catalyst for digital assets, potentially driving their combined market cap from $2.5 trillion to $10 trillion by the end of 2026. The bank’s latest report outlines how anticipated regulatory shifts under the new administration may pave the way for mainstream adoption of digital assets as policy changes and regulatory rollbacks foster a more favorable landscape.

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@Bitcoin_Blockchain_Trading

💰 Bitcoin primed for post-election rally despite US investor caution – CryptoQuant
Bitcoin’s current valuation aligns closely with its price levels before the past two US elections, suggesting that the crypto could be primed for growth if a favorable post-election catalyst surfaces, according to CryptoQuant’s latest report. Historically, Bitcoin has rallied after the US presidential elections, posting significant gains by the end of each election year — 98% in 2020, 37% in 2016, and 22% in 2012.

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@Bitcoin_Blockchain_Trading

💰 Bitcoin mining difficulty reach all-time high on US election day
Bitcoin mining difficulty has reached a historic peak, surpassing 100 trillion on the same day as the US elections, signaling an intense landscape for miners. On Nov. 5, Bitcoin’s mining difficulty jumped 6.24%, reaching 101.65 trillion at block height 868,896, setting a new all-time record. This marks the 23rd difficulty adjustment of 2024, with 14 of these increases pushing the total difficulty by 40% this year.

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@Bitcoin_Blockchain_Trading

💰 Crypto asset products surpass $100 billion AuM, driven by Bitcoin’s strong inflows and election optimism
Digital asset investment products saw inflows of $2.2 billion last week, bringing total inflows this year to a record-breaking $29.2 billion, according to CoinShares‘ latest report. The strong performance, coupled with recent Bitcoin price increases around $70,000, lifted the sector’s total assets under management (AuM) above $100 billion for only the second time. These levels were last seen in early June 2024, when AuM reached $102 billion.

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@Bitcoin_Blockchain_Trading